Private Loans
Federal law sets the maximum interest rates and fees you can be charged for a federally-guaranteed education loan. Private loans (sometimes called alternative loans) are not part of the federal government guaranteed student loan program, and can be more costly to students. Be sure you know the facts before you borrow.
- Credit-based loans are made by a lending institution.
- Cannot always be consolidated with federal loans. Consolidation is up to the private lender.
- May not offer the same protections that the federal loans offer, such as, options to delay repayment or change repayment conditions.
- May qualify for IRS interest deduction on federal income tax return.
Search for Private Loans
Lenders are listed based on their historical lending during the past years to our students. However, if you wish to use another lender that is not on the list, you have the right to do so.